AlanSantana

BitTorrent A Full Dissapointment (YES/NO?!)

AlanSantana Updated   
BINANCE:BTTBTC   None
It is true we have been tracking BitTorrent (BTTBTC) since the beginning with a bullish bias all of the time, but it is also true that we have been open to exactly the scenario that has been playing out.

Each time I mentioned BitTorrent and the pair BTTBTC for trading, I also mentioned the word "long-term potential" and "if it goes lower we buy more and remain bullish long-term after the drop".

So BitTorrent continues dropping, and these levels were all already marked in previous chart.

If you enjoy the potential of this project, you keep on loading and reloading with a long term view in mind, or you simply set it and forget... BitTorrent (BTTBTC) is in my top 5 altcoins to generate good gains in April 2019... Knowing this, we know that the month just started and obviously having patience is key!



BitTorrent (BTTBTC) Chart Analysis

  • BTTBTC can continue trading within the descending triangle until it reaches the final support and breaks out passively and start to climb up. This is the main scenario because it hasn't been able to break above EMA10 (bearish potential) and volume still hasn't grown enough.

    Even with a strong move happening, we wouldn't act unless it is confirmed by big volume.

  • So we wait for a high volume breakout above EMA10 and the descending triangle to confirm that the bleeding is over and it is time to move up.

  • We do remain BULLISH LONGTERM.

  • This is Alan Masters now, make sure to hit like... If you want to of course... Your support we appreciate.

Namaste.
Comment:
I am starting to see early signals of a bottom forming. I will come and share a new post soon, most likely with a full trade inside.

Enjoy your Moonday.

Namaste.

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